Uzbekistan Geography, Politics, and Culture

Uzbekistan is a country in Central Asia, surrounded by five landlocked countries (Kazakhstan; Kyrgyzstan; Tajikistan; Afghanistan; and Turkmenistan). For the past 200 years, the country was a part of the Russian Empire, and then of the Soviet Union, before emerging as an independent state when Soviet rule ended in 1991.

Uzbekistan has a diverse cultural heritage due to its history and strategic location at the heart of the ancient Silk Road trade route connecting China with the Middle East and Rome. Its constitutional official language is Uzbek, but Russian has widespread use as a language of governance. Uzbeks constitute 81% of the population, followed by Russians at 5.4%). Muslims are a majority of the population who also identify as non-denominational Muslims.

2021
March 21Navruz
May 9Remembrance Day
May 13Eid al-Fitr
July 20Eid al-Adha
September 1Independence Day
October 1Teachers Day
December 8Constitution Day
  • MChJ (Mas’uliyati Cheklangan Jamiyat/Масъулияти Чекланган Жамият)
  • QMJ (Qo’shimcha ma’suliyatli jamiyat/Қўшимча масъулиятли жамият)
  • AJ (Aksiyadorlik jamiyati/Акциядорлик жамияти)
    • OAJ (Ochiq aksiyadorlik jamiyati/Очиқ акциядорлик жамияти)
    • YoAJ (Yopiq aksiyadorlik jamiyati/Ёпиқ акциядорлик жамияти)
  • XK (Xususiy korxona/Хусусий корхона)
  • XT (Xususiy tadbirkorlik/Хусусий тадбиркорлик)
  • OK (Oilaviy korxona/Оилавий корхона)
  • UK (Unitar korxona/Унитар корхона)
  • QK (Qo’shma korxona/Қўшма корхона)
  • Corporate Tax: 12% (standard rate), 20% (banks and mobile communication operators)
  • Income Tax (Lowest Marginal Rate): 12%
  • Income Tax (Highest Marginal Rate): 12%
  • VAT/GST/Sales Tax: 0% (lowest rate), 20% (highest rate)
  • Central Bank of Uzbekistan
  • National Bank of Uzbekistan for Foreign Economic Activities
  • JSCB Aloqabank
  • JSCB Universalbank
  • JSCB Uzpromstroybank
  • JSCB Invest Finans Bank
  • JSCB Qishloq Qurilish Bank
  • JSCB Trustbank
  • JSCMB Ipoteka-Bank
  • JSCB Xalq Bank
  • JSCB Savdogar Bank
  • JSCB Agrobank
  • JSCB Ziraat Bank

Aadmi can support you with your expansion to Uzbekistan. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

July 29, 2021
The bigger your business grows, the more complicated it becomes to manage it. The complexity not only arises from running daily operations but in terms of governance as wel...
July 28, 2021
Multinational companies face many challenges as they begin and maintain operations in new countries. Language barriers, business customs, and hiring new employees are just ...
July 27, 2021
If you are looking at Asia for your next business, the South East Asian kingdom of Thailand could be your best option. Thailand’s vibrant culture and sandy beaches make for...
July 23, 2021
The majority of my career has been in business-to-business sales. While I have worked in more than one industry, the one constant has been a continual evolution of how we i...